Verily Life Sciences, a unit of Alphabet, is planning additional expense cuts after losing more money than expected this year through June, Miles Kruppa of The Wall Street Journal report, citing documents reviewed by the journal. Verily has already laid off employees and discontinued some if its products earlier this year. Verily’s operating losses missed projections by $17M and should “migrate to a startup culture of scrappy resourcefulness,” according to an internal presentation seen by the Journal.
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